World Economy

The Cuban government has said it wants more foreign investment, that it can’t afford to keep so many Cubans on the payroll of inefficient state industries, and it needs more revenue to help its…

China is printing more foreign money as it seeks to expand its influence on the global economy. Money printing plants across the country are running at close to full capacity to meet an…

Records kept in notebooks of the kinds used by schoolchildren are bringing down titans of Argentina’s industry in a multimillion-dollar corruption scandal. Dirty dealings are nothing new in…

A number of (Persian) Gulf Cooperation Council banks that have exposure to Turkey will be impacted by the sharp decline in lira in terms of their earnings and asset quality, according to banking…

Singapore authorities warned of slower economic growth in the second half, citing uncertainties triggered by the US decision to impose tariffs that sparked retaliatory action by China and the…

World markets shuddered on Monday, as Turkey’s worsening currency crisis persuaded investors to dump equities and emerging markets and flee to safer assets such as government bonds and the…

The government of Ghana is working hard to build a strong and resilient economy to avoid returning to the International Monetary Fund for financial bailout after it exits of the current IMF…

President Donald Trump’s trade war may be fated to fail, for many reasons. One is that the target countries—prominently, China, Japan and Germany—won’t accede to his demands. This is already…

Canada’s latest job creation numbers out at the end of last week were astounding. The most recent figures for the country’s economic growth, at an annual rate of 2.6%, were better than almost…

Samsung Electronics Co Ltd is considering suspending operations at one of its mobile phone manufacturing plants in China due to slumping sales and rising labor costs, the Electronic Times…

Turkey’s central bank on Monday announced it was ready to take “all necessary measures” to ensure financial stability after the collapse of the lira, promising to provide banks with liquidity.…

Russia will further decrease its holdings of US securities in response to new sanctions against Moscow but has no plans to shut down US companies in Russia, Finance Minister Anton Siluanov said…

The Incheon Port Authority said Monday, it plans to introduce an inter-Korean cruise program in a move to promote the nation’s cruise ship tourism.

The recent rise in Nigeria’s debt profile and continued decline in the external reserves are slowing down the recovery and growth of the economy. Experts attribute the disturbing situation to…

With more than 330 million internet users in Southeast Asia, researchers and analysts have highlighted that e-commerce in the region is well on track to become a major industry in the years to…

President Vladimir Putin’s efforts to protect Russia after past rounds of US sanctions are leaving the economy more insulated even as the threat of further penalties rattles markets this week.…

The fiscal space expanded by the implementation of the Tax Reform for Acceleration and Inclusion law enabled the Philippines government to boost investment and growth in the first half, the…

Asia’s original fast-growing ‘tiger’ economies in the 1970s and 1980s were Hong Kong, Singapore, Taiwan and South Korea. The baton then passed to a new generation of fast growers: Thailand,…

In spite of President Cyril Ramaphosa’s attempts to revive South Africa’s struggling economy, there is a strong possibility it may slip into recession. Economists have predicted negative growth…

Inflation in the US continued its gradual rebound in July, clearing a path to a September interest rate increase by the federal reserve and leaving open the potential for a fourth hike this…

Oman’s shift towards a non-oil future and as a dominant player in the shipping, transportation and logistics sectors is steadily gaining momentum, and showing a positive outlook towards the…

Egyptian Finance Minister Mohamed Ma’it said the country will reduce its public debt to 92% of the GDP in the budget of the current fiscal year 2018-2019, a report Saturday says.

“The…

The Organization for Economic Cooperation and Development raised warnings that South Korea’s economy is facing some serious challenges going forward, an analysis of data showed Sunday.

President Recep Tayyip Erdogan denied on Saturday that Turkey is in a currency crisis, dismissing a plunge in the lira as ‘fluctuations’ which have nothing to do with economic fundamentals.

China said it is poised to impose retaliatory tariffs on $60 billion worth of US imports, including coffee, honey and industrial chemicals, if Washington goes ahead with its latest trade threat…